• Coin Market Cap
  • Contact Us
  • Privacy & Policy
Thursday, January 28, 2021
Litecoin.is
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO
No Result
View All Result
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO
No Result
View All Result
Litecoin.is
No Result
View All Result
Home Litecoin

An online future for finance is inevitable, says OCC’s Brooks

January 13, 2021
in Litecoin
0
An online future for finance is inevitable, says OCC’s Brooks
189
SHARES
Share on FacebookShare on TwitterPin it

Related articles

Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss

Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss

January 28, 2021
GameStop short squeeze highlights the power of decentralization

GameStop short squeeze highlights the power of decentralization

January 28, 2021

The departing leader of the Office of the Comptroller of the Currency is convinced that the future of finance is blockchain-native, per a conversation with crypto analytics firm Elliptic on Wednesday.

Described by Elliptic CEO Simone Maina as “a fairy godfather to the crypto industry,” Brooks has been a leading light in U.S. federal policy towards crypto since taking over for Comptroller Joseph Otting in May. Today, he outlined views that follow an opinion piece he wrote for the Financial Times yesterday.

Namely, Brooks took the opportunity to promote his vision of an OCC that checked algorithms rather than bankers for responsible behavior: “Imagine a world where we’re granting charters to softwares as opposed to individuals.”

The vision falls in line with Brooks’ overall work to push forward a national charter for non-depository financial institutions — which detractors have called a “nonbank charter.” In broader terms, the Acting Comptroller saw the technological change that he is trying to prepare laws for as inevitable:

“My thesis is that it is inevitable that the future of finance will go on the internet like information did 25 years ago, and we need to prepare banks for that world and we need to prepare banking charters for that world.”

Describing recent political deplatforming from social media and payments processors as “chilling,” Brooks went on to argue that: 

“Crypto is about freedom. There is no CEO to deplatform. If you didn’t believe freedom mattered last week, you should believe it matters today.”

However, Brooks confirmed what has long been suspected: His time at the OCC will end with the incoming Biden administration. “There will be another comptroller and it won’t be me,” he said.

Credit Source link

ADVERTISEMENT
Share76Tweet47Pin17
ADVERTISEMENT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss

Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss

January 28, 2021
GameStop short squeeze highlights the power of decentralization

GameStop short squeeze highlights the power of decentralization

January 28, 2021
Guggenheim says institutional demand not enough to keep BTC above $30K

Guggenheim says institutional demand not enough to keep BTC above $30K

January 28, 2021
3 reasons why Uniswap (UNI) token hit a new all-time high above $15

3 reasons why Uniswap (UNI) token hit a new all-time high above $15

January 27, 2021
Mega-whale Pranksy brings collectible highlights to the fore

Mega-whale Pranksy brings collectible highlights to the fore

January 27, 2021
Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

January 27, 2021
Litecoin.is

Litecoin.is an online NEWS portal which aims to provide the latest trendy news around the crypto market and much more exciting stuff.

Topic to cover

  • Bitcoin
  • Blockchain
  • Litecoin

Whats NEW here?

  • Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss
  • GameStop short squeeze highlights the power of decentralization
  • Guggenheim says institutional demand not enough to keep BTC above $30K

  • Coin Market Cap
  • Contact Us
  • Privacy & Policy

© 2019 Litecoin.is – All about Litecon NEWS and more!

No Result
View All Result
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO

© 2019 Litecoin.is All about Litecoin And Crypto News!.

  • bitcoinBitcoin(BTC)$31,189.00-0.71%
  • ethereumEthereum(ETH)$1,283.190.67%
  • rippleXRP(XRP)$0.257971-1.09%
  • eosEOS(EOS)$2.55-0.77%
  • litecoinLitecoin(LTC)$129.480.44%
  • bitcoin-cashBitcoin Cash(BCH)$388.29-3.37%
  • tetherTether(USDT)$1.000.12%
  • stellarStellar(XLM)$0.2550272.28%
  • Binance CoinBinance Coin(BNB)$42.161.32%
  • tronTRON(TRX)$0.028814-0.13%
  • cardanoCardano(ADA)$0.3302340.43%
  • Bitcoin SVBitcoin SV(BSV)$164.47-0.12%
  • iotaIOTA(MIOTA)$0.402247-2.87%
  • moneroMonero(XMR)$128.05-3.08%
  • dashDash(DASH)$99.12-1.11%
  • neoNEO(NEO)$21.94-1.10%
  • ontologyOntology(ONT)$0.55-1.35%
  • nemNEM(XEM)$0.230893-1.95%
  • zcashZcash(ZEC)$81.36-3.43%
  • USD CoinUSD Coin(USDC)$1.000.10%
  • dogecoinDogecoin(DOGE)$0.01131041.00%
  • bitcoin-goldBitcoin Gold(BTG)$10.01-1.94%